marks @ Constitution Flashc. Junior Morality GG networks - United S.. Saved map 5-8 Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $31,000 of merchandise, which cost $23,800, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $6,100 of merchandise, which cost $3,550, on an assortment of bank credit cards. These cards charge a 4% fee. -57 View transaction list Journal entry worksheet Chap 5-8 i Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $31,000 of merchandise, which cost $23,800, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $6,100 of merchandise, which cost $3,550, on an assortment of bank credit cards. These cards charge a 4% fee. 6:40 View transaction list Journal entry worksheet 1 3 4 Record the cost of the sale, $23,800. Note: Enter debits before credits General Journal Transaction 1-6 Debit Credit Record entry Clear entry View general journal Prepare journal entries for the following credit card sales transactions (the company uses the perpetual inventory system). 1. Sold $31,000 of merchandise, which cost $23,800, on MasterCard credit cards. MasterCard charges a 5% fee. 2. Sold $6,100 of merchandise, which cost $3,550, on an assortment of bank credit cards. These cards charge a 4% fee. View transaction list Journal entry worksheet